TON- Safe Altcoins to watch

TONUSD Daily Outlook

The Open Network (TON) is a decentralized and open Internet platform comprising several components. These include TON Blockchain, TON DNS, TON Storage, and TON Sites. 

Various components are

TON Blockchain is the core of the TON project, and the other components might be considered as supporting the blockchain.

The TON Blockchain is a collection of blockchains for achieving our goal of processing millions of transactions per second.

The TON ecosystem has over 650 dApps with best dApps are Tonkeeper (wallet) , Tonstake (staking), Orbit bridge (bridge), ANON (privacy), Sharpnel and JetTon games (gaming), Notcoin (meme), and Punkcity (Metaverse).

TON blockchain records over 4 million transactions daily and the total value locked increased to $560 million.

TON coin officially got listed in Binance today at 3:30 pm IST

TONUSD showed a minor pullback after a major sell-off.

Any daily close above $ 8.50 confirms further bullishness.

TONUSD pared more than 34% after hitting a multi-month low. The pair holds above the short-term (21EMA, 55 EMA and below the long-term moving average in the 4-hour chart. It hit a high of $6.42 yesterday and is currently trading around $6.81.

The bullish invalidation can happen if the pair closes below $4.50. On the lower side, the near-term support is $6. Any close below targets $5.70/$5/$4.50/$3.78.

 The pair's near-term resistance is around $7.20. Any breach above confirms minor bullishness. A jump to $8.30/$9/$10 is possible. A surge past $10 will take it to $12.

It is good to buy on dips around $5.75-80 with SL around $4.50 for TP of $10.